Choosing the right trading strategy!

There are thousand of trading strategy that are circulating online, some are free while others are expensive trading system. But first it is very important to know what particular strategy you will use in your trading so that you can be have better chance of making profits,trading is a serious business and it requires time, dedication and commitment. There are  common types of trading strategy that is used by traders and each of this approaches requires time for a trader to be able to successfully utilize a particular strategy.

Scalping -  this type of strategy requires more time spent looking on your trading chart to spot trading opportunities and it will be a tiring process in the long run.Most traders use smaller time frames(normally 1 minute to 15 minute chart) when using this kind of trading approach. Profitable trades using scalping strategies normally achieved between 1 minute to 1 hour. Average profits from 1pip to 15 pips.

Intraday Trading - traders that uses this strategy uses higher time frames to spot trading opportunities(normally on a 15 minute to 1 hour chart) and profitable trades are expected within the 24 hour period, but there are also cases that a trader keep a losing trades beyond the 24 hour period until it becomes profitable. On the average expected profits between 20 pips to 75 pips.

Swing Trading - I think majority of traders especially the big players in the market uses this kind of trading approach, it uses higher time frames in spotting trading opportunities where big move of the market can occur most of the time.This type of trading is stress less and more relaxed. Most traders using this approach looks for trade opportunities only in the higher time frames(from 1 hour to daily chart).Trades normally exists for a couple of days until it hit target profit or stop loss. On the average expected profits between 80 pips to 250 pips.

It is important that an aspiring trader pick the right trading approach or strategy so that he can dedicate time for his trading activities, it will be harder to make profits in your trading if you cannot be looking on your trading chart all the time, missing one or more trade setup can give different trading results in the long run. If you go to work or have some important activities that you do in a day to day basis then scalping is not for you, as a trader we must choose a trading approach that suits our daily schedule so that it can yield better trading results.